Belarus has drafted a bill regulating blockchain

The National State TV and Radio Company of the Republic of Belarus announced that the President issued a decree “On the development of digital economy”. This, indeed, appeared to be a revolution in the world IT-ecosystem and is a really outstanding step for the Belarus economy.

«First of all the document aims to create such conditions that would be attractive to world IT-companies. It will be interesting for them to come to Belarus, open their representative offices, development centers and create marketable products», − reports The Press Service of the President.

«The second goal of that decree is to make investments in our future. These are namely IT-specialists and IT-education. The third one is the implementation of brand new financial instruments and technologies», − said Alexander Lukashenko.

Some legal provisions of the English law, introduced in the decree, make it possible for national companies to enter into contracts and establish relationships with foreign partners having a similar legal framework.

It is also expected that many new professions and additional employment in various sectors of the economy will appear. It is now absolutely legal to use tokens in civil circulation and mine cryptocurrency. Notably, tokens and any incomes related to different operations with them are not subject to declaration and are not taxed until January 1st, 2023.

A New York Resident Carried Out a $2.5 Million Bitcoin Scam

A man named Nicholas Gelfman was accused of violation of multiple financial regulations. Now the man has to pay a fine in the amount of 2.5 million dollars in order to cover up all the losses caused by him.

Gelfman was running a company Gelfman Blueprint, Inc. (GBI) which offered its investors quick, safe and profitable crypto trading services.

Obviously, the whole thing turned out to be a huge scam. The victims ended up paying big amount of money in commission fees and getting no profit from trading whatsoever.

The case is currently under the US Commodity Futures Trading Commission’s investigation.

We remind you:

The Loudest and Boldest Crypto Crimes of All Times

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

John McAfee Will Shine the Light on Crypto

A crypto personality John McAfee took quite a serious position regarding his presidential campaign in 2020. He shared a couple of interesting details with his future electors

McAfee claimed that the main focus of his campaign is going to be blockchain, its implementation in various sphrese and raising awareness about this technology as well as cryptocurrencies among the people.

If we accept the Blockchain as our guiding light, our hearts and our minds can be free,” he added in a rather poetic way.

We remind you that McAfee does not actually want to become the President of the US, he just wants to run for the post. Here is why:

Why Is John McAfee Not Planning to Be the President?

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The U.S.-China Trading War Influences Cryptocurrency World, Bitmain Suffers Most

Not long ago, we discussed that Bitcoin was in danger, since Chinese authority was able to attack it any time. The US decided to keep up with opponents and stroke the crypto world of China, namely crypto asset industry.

These two countries are currently in a state of trading conflict, introducing tariffs on goods traded with each other. In June the USA changed the classification of ASIC miner, called Antminer S9, in a way that Chinese miners can be at a loss. That month the “electrical machinery apparatus”, the given category to the ASICs, had a 2.6% tariff.

Later in August, the tariff raised by 25 per cent. At the moment, Chinese mining producers deal with the fee of 27.6 per cent on their US shipments.This action has a colossal impact on Bitmain, the company based in Beijing and being the biggest Chinese mining hardware maker.

Bitmain tried to cope with the pressure by filing for a Hong Kong IPO. It could reportedly rise $3 billion. The company’s filing also mentioned the fact that about 62.8% revenue came from overseas in first half of 2018, though there was no comment on how many sales had come from the US.

The crisis came to Bitmain at a very bad time. IPO filing showed the company’s turnover dropped in second quarter of 2018 drastically, losing about $400 million in compare to $1.1 billion net profit in the first quarter.

One of the analysts, Mark Li, reckons the US tariffs aim at making Chinese hardware less competitive than opponent ones produced in other countries. He also added that Bitmain’s boardship is more aware of technology arms race, where the company is falling behind

The cold trading war between China and States can last for a long time, yet no one is sure how much loss or profit it can bring, we are only able to watch and wait. Now we want to remind you

Mining Complexity: What It Is and Where It Will Get

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

A Man in Norway Was Killed after Selling Bitcoins

As reported by the Norwegian news outlet, a 24-year-old man was slaughtered to death after he sold Bitcoins for a big amount of money in person.

Supposedly, the victim met with the buyer and then brought the received money back to his apartment in Oslo. A few hours later, his body was discovered by one of his roommates.

The law-enforcement agencies are currently investigating the case. The police officer in charge of investigation claimed:

We know about possible connection with Bitcoin, but we cannot yet provide any information of the case.

Unfortunately, the number of Bitcoin-related crimes is growing. We remind you:

A Jealous Woman from the USA Wanted to Kill Her Rival, Having Paid in BTC for It

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

TRON Is Partnering Up with Baidu: What Is the True Purpose of This Collaboration?

A decentralized blockchain platform TRON, which is one of the main competitors of Ethereum, announced its partnership with the Chinese web services giant Baidu.

Although, the TRON team assures the aim of this partnership is spreading blockchain solution among the crypto community, there has been a lot of speculation regarding this issue.

Many people believe that TRON is currently working on the launch of its own platform for video content, as an alternative to YouTube. Such assumptions were caused by the comments from TRON developers regarding the recent access issues on YouTube. They claimed that this would not have happened on TRON.

We remind you:

Justin Sun Offers the Venezuelan President to Connect Petro to Tron instead of Ethereum

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Harry Potter’s Voldemort Might Solve the Most Pressing Problems of Bitcoin

An anonymous developer who is hiding under the nickname Tom Elvis Jedusor (Tom Riddle in French, i.e. the most famous villain from the Harry Potter series) published a paper with the possible way to hide the exact amount of transaction until the very moment Bitcoins are transferred.

According to the paper:

These future improvements could cause it so that the each others amounts would not be known even by the actual members of the anonymity group.”

The interesting fact is that this “Voldemort” actually published one more protocol a couple of years ago dealing with the issues of Bitcoin scalability and anonymity. Some members of the crypto community compare his papers with the horcruxes of the Voldemort from Harry Potter.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark